China Nov new loans at 522.9 bln yuan, below expectations

BEIJING Mon Dec 10, 2012 9:06pm EST

BEIJING Dec 11 (Reuters) - Chinese banks extended 522.9 billion yuan ($83.73 billion) of new local currency loans in November, the central bank said on Tuesday, missing market expectations of 550 billion yuan.

China's total social financing aggregate, a broad measure of liquidity in the economy, stood at 1.14 trillion yuan in November, down from 1.29 trillion yuan in October, the People's Bank of China said in a statement on its website, ($1 = 6.2451 Chinese yuan) (Reporting by Kevin Yao)